Finance

Debt

ÁKK sells HUF 45 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills at auction today, raising its original...

Ratings

Fitch revises MOLʼs outlook to stable; affirms ‘BBB-’ rating

Fitch Ratings has revised Hungarian oil and gas company MOLʼs outlook to stable from negative, while affirming its long-term issuer...

MNB

MNB: Banks undertake to raise SME lending by HUF 195 bln

Banks are in the process of raising their lending stock to small and medium-sized companies (SMEs) by HUF 195 billion...

Debt

ÁKK sells less-than-planned one-year bills, planned floaters at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of twelve-months discount T-bills and five-year floaters at...

MNB

Takarékbank raises GDP growth forecast, cuts inflation projection

Hungaryʼs GDP growth could slow to 2.5% in 2016 but accelerate to 3.1% in 2017, Takarékbankʼs analysts said in their...

MNB

MNB to keep countercyclical capital buffer at zero to prop up lending

The National Bank of Hungary (MNB) will maintain the countercyclical capital buffer (CCB) rate at zero thereby supporting lending growth,...

MNB

Forecast: Hungary’s GDP growth to fall to 2.3%

Due to dropping investments, Hungary’s GDP growth could fall to 2.3% this year from last year’s 2.9%, research company Pénzügykutató...

MNB

MNB to charge same interest on banksʼ excess reserves as on O/N deposits

Banks will no longer be able to keep money in excess of their mandatory reserve obligation free of charge on...

Debt

ÁKK exchanges HUF 30 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of bonds maturing in 2024 and 2028 for ones that...

MNB

Deputy Governor: MNB to cut rate to a sustainable level

The National Bank of Hungary (MNB) will cut its base rate until it reaches a rate that is consistent with...

Banking

Varga: Government plans to expand e-till system

The Hungarian government is planning to expand the mandatory use of cash registers directly connected to the Hungarian Tax and...

MNB

MNB shifts top of interest rate corridor downward by 50 bps

The National Bank of Hungary today said its policy makers decided to shift the top of the overnight interest rate...

Debt

ÁKK sells HUF 46 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 46 bln of discount three-month T-bills at auction today, raising its original...

Ratings

Hungary expects two credit rating upgrades this year

The Hungarian government foresees at least two of the three big ratings agencies issuing upgrades by the end of this...

Banking

Hungary’s general government runs HUF 14.8 bln surplus at end-February

Hungaryʼs general government balance, excluding local councils, had a cashflow-based surplus of HUF 14.8 billion at the end of February,...

Debt

ÁKK sells HUF 45 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills at auction today, raising its original...

Ratings

Fitch revises MOLʼs outlook to stable; affirms ‘BBB-’ rating

Fitch Ratings has revised Hungarian oil and gas company MOLʼs outlook to stable from negative, while affirming its long-term issuer...

MNB

MNB: Banks undertake to raise SME lending by HUF 195 bln

Banks are in the process of raising their lending stock to small and medium-sized companies (SMEs) by HUF 195 billion...

Debt

ÁKK sells less-than-planned one-year bills, planned floaters at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of twelve-months discount T-bills and five-year floaters at...

MNB

Takarékbank raises GDP growth forecast, cuts inflation projection

Hungaryʼs GDP growth could slow to 2.5% in 2016 but accelerate to 3.1% in 2017, Takarékbankʼs analysts said in their...

MNB

MNB to keep countercyclical capital buffer at zero to prop up lending

The National Bank of Hungary (MNB) will maintain the countercyclical capital buffer (CCB) rate at zero thereby supporting lending growth,...

MNB

Forecast: Hungary’s GDP growth to fall to 2.3%

Due to dropping investments, Hungary’s GDP growth could fall to 2.3% this year from last year’s 2.9%, research company Pénzügykutató...

MNB

MNB to charge same interest on banksʼ excess reserves as on O/N deposits

Banks will no longer be able to keep money in excess of their mandatory reserve obligation free of charge on...

Debt

ÁKK exchanges HUF 30 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of bonds maturing in 2024 and 2028 for ones that...

MNB

Deputy Governor: MNB to cut rate to a sustainable level

The National Bank of Hungary (MNB) will cut its base rate until it reaches a rate that is consistent with...

Banking

Varga: Government plans to expand e-till system

The Hungarian government is planning to expand the mandatory use of cash registers directly connected to the Hungarian Tax and...

MNB

MNB shifts top of interest rate corridor downward by 50 bps

The National Bank of Hungary today said its policy makers decided to shift the top of the overnight interest rate...

Debt

ÁKK sells HUF 46 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 46 bln of discount three-month T-bills at auction today, raising its original...

Ratings

Hungary expects two credit rating upgrades this year

The Hungarian government foresees at least two of the three big ratings agencies issuing upgrades by the end of this...

Banking

Hungary’s general government runs HUF 14.8 bln surplus at end-February

Hungaryʼs general government balance, excluding local councils, had a cashflow-based surplus of HUF 14.8 billion at the end of February,...

ÁKK sells HUF 45 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of discount three-month T-bills at auction today, raising its original...

Fitch revises MOLʼs outlook to stable; affirms ‘BBB-’ rating

Fitch Ratings has revised Hungarian oil and gas company MOLʼs outlook to stable from negative, while affirming its long-term issuer...

MNB: Banks undertake to raise SME lending by HUF 195 bln

Banks are in the process of raising their lending stock to small and medium-sized companies (SMEs) by HUF 195 billion...

ÁKK sells less-than-planned one-year bills, planned floaters at auction

The Government Debt Management Agency (ÁKK) sold a combined HUF 40 bln of twelve-months discount T-bills and five-year floaters at...

Takarékbank raises GDP growth forecast, cuts inflation projection

Hungaryʼs GDP growth could slow to 2.5% in 2016 but accelerate to 3.1% in 2017, Takarékbankʼs analysts said in their...

MNB to keep countercyclical capital buffer at zero to prop up lending

The National Bank of Hungary (MNB) will maintain the countercyclical capital buffer (CCB) rate at zero thereby supporting lending growth,...

Forecast: Hungary’s GDP growth to fall to 2.3%

Due to dropping investments, Hungary’s GDP growth could fall to 2.3% this year from last year’s 2.9%, research company Pénzügykutató...

MNB to charge same interest on banksʼ excess reserves as on O/N deposits

Banks will no longer be able to keep money in excess of their mandatory reserve obligation free of charge on...

ÁKK exchanges HUF 30 bln of bonds at switch auction, less than planned

The Government Debt Management Agency (ÁKK) sold HUF 30 bln of bonds maturing in 2024 and 2028 for ones that...

Deputy Governor: MNB to cut rate to a sustainable level

The National Bank of Hungary (MNB) will cut its base rate until it reaches a rate that is consistent with...

Varga: Government plans to expand e-till system

The Hungarian government is planning to expand the mandatory use of cash registers directly connected to the Hungarian Tax and...

MNB shifts top of interest rate corridor downward by 50 bps

The National Bank of Hungary today said its policy makers decided to shift the top of the overnight interest rate...

ÁKK sells HUF 46 bln of three-month bills at auction, over plan

The Government Debt Management Agency (ÁKK) sold HUF 46 bln of discount three-month T-bills at auction today, raising its original...

Hungary expects two credit rating upgrades this year

The Hungarian government foresees at least two of the three big ratings agencies issuing upgrades by the end of this...

Hungary’s general government runs HUF 14.8 bln surplus at end-February

Hungaryʼs general government balance, excluding local councils, had a cashflow-based surplus of HUF 14.8 billion at the end of February,...